Posted by Tax season is like the Super Bowl for financial professionals. Tax preparers, accountants, and CPAs all gear up for an exhaustive season of number-crunching, form-filing, and client consultations.
But just like any athlete can’t merely rely on last year’s skills to win the championship, financial pros can’t rest on their laurels when it comes to tax preparation. And that’s where tax CPE (Continuing Professional Education) courses come into play.
Tax CPE courses specialize in a variety of tax topics, ensuring you’re well-versed in everything from individual taxation to corporate tax structures. Whether you’re a seasoned pro or a newcomer looking to break into the tax industry, investing in tax CPE courses isn’t just a requirement; it’s the fuel for your career’s rocket ship.
Tailor Your Tax Education: Finding the Right Course
Picking the ideal tax CPE course is akin to selecting the perfect pair of running shoes—it has to fit your needs and goals. For instance, if you’re keen on mastering individual tax returns, CPE Inc.’s Tax Planning for Individuals course might just be your match made in heaven.
This specialized program offers:
● A thorough understanding of how recent legislative actions, such as the Tax Cuts and Jobs Act of 2017 or the Secure Act of 2019, affect individual tax preparation and planning.
● An overview of upcoming tax legislation and other key developments.
● Hands-on experience with tax forms relevant to the topics discussed.
But don’t stop there! There’s an ocean of tax CPE courses to navigate, each bringing its unique value to your tax toolkit.
Make Sense of the Tax Cuts & Jobs Act
It’s hard to overstate the sea change brought about by the Tax Cuts and Jobs Act of 2017. With the most significant tax code overhaul in decades, understanding its nuances is critical. This course digs into the nitty-gritty:
● How rule changes reshape taxation and planning strategies.
● The ripple effects on estate taxes and estate planning.
● Key updates on foreign taxation matters.
Tax Saving Strategies: Your Roadmap to Lower Liabilities
In volatile economic times, the knowledge to decrease tax liability becomes a treasure chest for businesses. This course takes a deep dive into:
● Deductions and credits are the bread and butter of tax planning.
● The Qualified Business Deduction, Bonus depreciation, and Sections 179 & 179D.
● Additional tax benefits that could turn the tables in your favor.
Mastering the IRS Webinar: The Art of the Audit
Let’s be honest—handling an IRS audit can be a rollercoaster of stress and unpredictability. The IRS’s recent shift in auditing strategies makes being audit-savvy a necessity. This course provides:
● Insights into how and why the IRS chooses returns for audits.
● The ABCs of IRS audit phases.
● Key areas of focus for both individual and corporate tax returns.
● Strategies to contest penalties and resolve the audit effectively.
Credentials: The Building Blocks of a Tax Preparer Career
Becoming a certified tax preparer involves more than just a passion for numbers and a keen eye for detail. Proper credentials act as the bedrock for a stable and successful career in tax preparation. Tax CPE courses, such as the ones offered by CPE Inc., serve as one of the pillars of this foundation.
You’ll also need to register with the IRS and abide by your state’s regulations. While not a necessity, many professionals also opt to become Certified Public Accountants for that extra layer of credibility. For the most accurate information on credentials, your best bet is to check the IRS website.
Know Your CPE Credit Quotient
How much of this educational goodness do you actually need? Typically, 72 hours of CPE credits are required every three years, with at least 16 hours earned annually. However, this can vary depending on your state’s laws and your professional standing—CPAs and attorneys, for instance, have their own re-licensure requirements.
So, ready to take the plunge? Navigate your career towards uncharted successes and sign up for one of these indispensable tax CPE courses today. Your future self will thank you!